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 | | But those who have rejected this definition of capital have usually done so, not on the ground that it was unfitted to solve the "problems of capital," but that it was too radical a departure from established usage; in other words, because it failed to satisfy the requirements, not of science, but of terminology. |
 | | The issue is thus squarely presented whether the application of the term "capital" to "a stock of wealth existing at an instant of time" is good terminology, and, in particular, whether it is consistent with or in violation of former usage. |
 | | His capital is therefore identical with one of my senses of capital; namely, "capital-value."(42*) In a very excellent paper,(43*) which has recently appeared, Fetter emphasizes, with Clark, the fact that rent and interest apply equally to all goods, the one to the things themselves, the other to their value. |
| socserv2.socsci.mcmaster.ca /~econ/ugcm/3ll3/fisher/capital4 (5813 words) |
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